New NRF legislation proposes cap on withdrawals

New NRF legislation proposes cap on withdrawals

–stipulates that oil revenues could only be used for developmental projects REVENUES earned from Guyana’s petroleum industry could only be used to finance national developmental projects, and/or respond to major natural disasters. This firm stipulation was outlined in the Natural Resources Fund (NRF) 2021 Bill, which was tabled in the National Assembly on Thursday by …

New NRF legislation proposes cap on withdrawals Read More »

Leave a Reply

Your email address will not be published. Required fields are marked *